It is too soon to say how the Brexit will affect London’s fintech hub. Some fintech CEOs have praised the Brexit as a way to escape bureaucracy and regulations that stifle innovation. Others have warned that these benefits will be outweighed by the difficulty of recruiting engineers, many of whom hail from Eastern Europe.

FinTechs are climbing the supply chain and making it easier for buyers and suppliers to do business. By allowing the buyer to extend its payables, while also speeding up the payment to the supplier, these fintechs grant both parties more liquidity and stability in the timing of payments. These are likely companies you have never heard of, a group of many B2Bs in fintech who are truly disrupting the back offices.

Fundings & Acquisitions:

Lots of money flowing this week, including huge funding rounds from European neo-bank Number26 and aggregation software Plaid. Two stock gift-card suppliers merged, and robo-advisor Personal Capital hired a former Yodlee exec.